Mumbai: The benchmark opened remarkably higher and shot up further in line with
smart gains in old-economy heavyweights on the Bombay Stock Exchange (BSE) on
November 18 on sustained buying by operators as well as institutional investors.
New-economy counters, which were in the limelight for the past couple of days,
reacted downwards on profit-selling.
The BSE-30 share Sensitive Index resumed firm at 3046.90 and immediately touched a
low of 3041.34 only to bounce back to a high of 3068.75 before being quoted at
3059.60 at 10:30 hours (IST) as against the previous close of 3033.91.
Under the leadership of petrochem giant RIL, which was quoted sharply higher on
hectic buying, other blue-chips like HLL, Telco, Tisco, Grasim, ITC, L&T and SBI
also attracted heavy buying and contributed to the SENSEX rise.
Foreign institutional investors (FIIs) seemed to have turned their attention to low-
priced old-economy stocks after remaining net buyers of Rs 107 crore in the first
four days of last week.
PTI
